,,ib ,union ,calendar ,no4 #ffi #aaith ,,congress #b;d ,session ,h4 ,r4 #igga ,report ,no4 #aai-gfh ,,in ,,the ,,house ,,of ,,representatives ,july #ah1 #bjbf,ms4 ,malliotakis introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,august #bg1 #bjbf;,additional sponsor3 ,mr4 ,fine ,august #bg1 #bjbf,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed,strike out all after the enacting clause and insert the part printed in italic,for text of introduced bill1 see copy of bill as introduced on ,july #ah1 #bjbf ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to impose penalties on political committees that accept foreign contributions4 #a4 ,short title ,this ,act may be cited as the ,stopping ,foreign ,influence in ,elections ,act of #bjbf4 #b4 ,penalties with respect to contributions to political committees from certain tax exempt organizations that accept contributions from foreign nationals 7a7 ,in general ,part ,i of subchapter ,b of chapter #fh of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #fgbj;,d4 ,contributions to political committees from certain tax exempt organizations that accept contributions from foreign nationals 7a7 ,in general ,any specified tax exempt organization that makes any disqualified political committee contribution shall pay a penalty equal to twice the amount of such contribution4 7b7 ,disqualified political committee contribution ,for purposes of this section-- 7#a7 ,in general ,the term disqualified political committee contribution means1 with respect to any organization described in section #eja7;c71 any contribution made by such organization to a political entity if such organization received1 during the testing period1 any contribution or gift 7within the meaning of section #fjcc7;b77#e77 from a foreign national 7as defined in section #cai7;b7 of the ,federal ,election ,campaign ,act of #aiga74 7#b7 ,political entity ,the term political entity means-- 7,a7 a political committee 7as defined in section #cja of the ,federal ,election ,campaign ,act of #aiga71 or 7,b7 any organization described in section #eja7;c77#d7 and exempt from taxation under section #eja7;a74 7#c7 ,testing period ,the term testing period means1 with respect to any contribution by an organization described in section #eja7;c71 the #b-year period ending on the date of such contribution1 except that such period shall not include any period before the date of the enactment of this section4 7#d7 ,reliance on representation ,for purposes of paragraph 7#a71 an organization may rely on the representation of a donor as to the nationality of such donor unless such organization knows or should have known that such representation is false4 7c7 ,specified tax exempt organization ,for purposes of this section1 the term specified tax exempt organization means1 with respect to any taxable year1 any organization described in section #eja7;c7 which is required to file an annual return under section #fjcc7;a77#a7 for such taxable year if-- 7#a7 the gross receipts of such organization for the preceding taxable year equal or exceed #bjj1jjj1 or 7#b7 the assets of such organization 7determined as of the close of such preceding taxable year7 equal or exceed #ejj1jjj4 4 7b7 ,treatment of organizations making disqualified political committee contribution ,section #eja of such ,code is amended by adding at the end the following new subsection3 7s7 ,treatment of organizations making disqualified political committee contributions 7#a7 ,in general ,in the case of any organization described in subsection 7c7 which makes a disqualified political committee contribution-- 7,a7 if such contribution is the first disqualified political committee contribution made by such organization1 there shall be imposed a tax on such organization of an amount equal to #ajj percent of such contribution1 7,b7 if such contribution is the second disqualified political committee contribution made by such organization1 there shall be imposed a tax on such organization of an amount equal to #bjj percent of such contribution1 or 7,c7 if such contribution is any disqualified political committee contribution subsequent to the second disqualified political committee contribution made by such organization-- 7i7 there shall be imposed a tax on such organization of an amount equal to #bjj percent of such contribution1 and 7ii7 such organization shall not be exempt from taxation under subsection 7a7 during the #b-year period beginning on the date on which such contribution is made4 7#b7 ,rule of application for organizations not making disqualified political committee contributions for #b years ,in the case of any organization described in subsection 7c7 which does not make a disqualified political committee contribution during any #b-year period1 any determination of the number of such contributions made by such organization for purposes of paragraph 7#a7 shall be made without regard to any contribution made before such #b-year period4 7#c7 ,disqualified political committee contributions ,for purposes of this subsection1 the term disqualified political committee contributions has the meaning given such term in section #fgbj;,d7b74 4 7c7 ,clerical amendment ,the table of sections for part ,i of subchapter ,b of chapter #fh of such ,code is amended by adding at the end the following new item3 ,sec4 #fgbj;,d4 ,contributions to political committees from certain tax exempt organizations that accept contributions from foreign nationals4 4 7d7 ,effective date ,the amendments made by this section shall apply with respect to contributions made after the date which is #a year after the date of the enactment of this ,act4 ,august #bg1 #bjbf,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed